Skyline Apartment REIT Purchases Additional Port Elgin, ON Property
February 15, 2018 - Press Release
On Thursday, February 15th, 2018, the Skyline Apartment REIT finalized a deal with RHH Rental Properties Ltd., a division of Reid’s Heritage Homes, to purchase 1045 Waterloo Street (“The Suites at Summerside”) for $11.6M.
“Skyline is proud to have been part of the Port Elgin community since 2003,” commented Matthew Organ, President of Skyline Apartment REIT. “We are very excited to now grow our commitment to the residents of Port Elgin by offering a newly constructed, luxury rental property.”
The Skyline Apartment REIT is already well-acquainted with the city, currently owning two residential properties with a total of 194 apartment suites in the area. Skyline Group also manages three retail assets in Port Elgin.
For more information about The Suites at Summerside, please visit www.SuitesAtSummerside.ca.
Post-acquisition, the Skyline Apartment REIT comprises 186 properties in 49 communities across 7 provinces – ON, SK, NB, NL, QC, AB, BC – with 16,708 units and 661,195 square feet of commercial space.
About Skyline Apartment REIT
Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.
Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: RBS2400).
Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
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